William Blair Investment Management LLC Sells 349,241 Shares of EOG Resources Inc (NYSE:EOG)

William Blair Investment Management LLC lowered its stake in shares of EOG Resources Inc (NYSE:EOG) by 97.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,509 shares of the energy exploration company’s stock after selling 349,241 shares during the quarter. William Blair Investment Management LLC’s holdings in EOG Resources were worth $979,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC grew its holdings in EOG Resources by 131.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock worth $26,000 after buying an additional 156 shares in the last quarter. Knuff & Co LLC bought a new stake in EOG Resources during the second quarter worth $28,000. Truvestments Capital LLC bought a new stake in EOG Resources during the second quarter worth $33,000. Tortoise Investment Management LLC bought a new stake in EOG Resources during the second quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in EOG Resources during the second quarter worth $37,000. Institutional investors and hedge funds own 87.31% of the company’s stock.

Shares of NYSE EOG traded down $0.26 during trading on Friday, reaching $75.34. 169,846 shares of the stock traded hands, compared to its average volume of 3,481,929. EOG Resources Inc has a 52-week low of $70.83 and a 52-week high of $133.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.83. The company has a 50-day moving average of $79.11 and a 200-day moving average of $89.35. The stock has a market capitalization of $43.88 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 1.72 and a beta of 1.36.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.02). EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The firm had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same period in the prior year, the company earned $1.37 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts expect that EOG Resources Inc will post 5.05 earnings per share for the current fiscal year.

EOG has been the subject of several recent research reports. SunTrust Banks decreased their price target on EOG Resources to $120.00 and set a “buy” rating for the company in a report on Wednesday, June 12th. Morgan Stanley decreased their price target on EOG Resources from $101.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Guggenheim set a $108.00 price target on EOG Resources and gave the stock a “buy” rating in a report on Wednesday, August 21st. Piper Jaffray Companies set a $111.00 price target on EOG Resources and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $114.09.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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